Vyzkoušet demo Otevřít účet
Obchodování
CFD
Binární opce
Krypto
Bankovnictví
B2B
Zprávy z trhu
O nás
Vyzkoušet demo Otevřít účet

SGD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The Singapore Dollar is another of the many currencies, which is scoring gains against the Japanese Yen, as the currency pair is in a medium and short term ascending channels, which are a part of a large scale descent. Recently the pair has already hit the combined resistance of the medium and large scale pattern upper trend lines. The rate is set to form a new medium term descending channel. However, the pair recently rebounded against the existing medium term patterns lower trend line and has formed a short term ascending pattern. Because of these factors combined, there are two possible outcomes for the rate. Either it will surge back up to the long term channel's resistance or it will be beaten down by the 200-period SMA, which is located at 80.12.
Back to articles

Actual Topics

22 Feb 2017

EUR/DKK 1H Chart: Channel Down

EUR/DKK slipped beneath the two-year low of 7.4332 over the last couple of days, stepping into dangerous territory for bears. The area was tested in December 2016 before and could need a retracement to continue the downfall. The hourly chart, however, shows a channel down pattern, which held strong until now, when highs became lower and a falling wedge spilled

21 Feb 2017

TRY/JPY 4H Chart: Channel Up

For the past few weeks the Turkish Lira has formed a medium term ascending channel pattern against the Japanese Yen, as the currency exchange rate trades in the border of two larger scale patterns. On a few month time frame the currency pair is also in an ascending channel pattern, which is aimed at the upper trend line of the

20 Feb 2017

EUR/TRY 4H Chart: Channel Down

After scoring new heights against the Turkish Lira, the common European currency has begun a period of consolidation, which occurs in the borders of a descending channel pattern. The change of direction occurred due to the currency exchange rate hitting the upper trend line of a three year long ascending channel pattern. The newly formed descending channel is most likely